Obama, Romney take victory laps

President Barack Obama took something of a victory lap on Friday’s jobs report in his weekly address, touting the 7.8 percent unemployment rate as the lowest since he took office.

“After losing about 800,000 jobs a month when I took office, our businesses have now added 5.2 million new jobs over the past two and a half years,” Obama said in the address broadcast Saturday. “And on Friday, we learned that the unemployment rate is now at its lowest level since I took office. More Americans are entering the workforce. More Americans are getting jobs.”

Still, he cautioned, “too many of our friends and neighbors are still looking for work or struggling to pay the bills – many of them since long before this crisis hit.”